Obaseki’s alarm: Why Nigerians should worry

Concerns have trailed the statement made by Edo State governor, Godwin Obaseki that the federal government printed an additional N50 –N60 billion to fund federal allocation to states for March. While this has been denied by the Central Bank of Nigeria and the Federal Ministry of Finance, the government’s fiscal policies is something that ought to worry Nigerians a great deal.

The country’s economy is stretched on all fronts with incessant borrowing, massive deficits, inflation and currency depreciation. More so, the government, as it appears has used up every option available for funding…..

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